‘Grey’s Anatomy’ Star May Buy Coffee Chain

by Nate Wooley | December 28, 2012 12:03 pm

‘Grey’s Anatomy’ Star May Buy Coffee Chain

patrick dempsey Greys Anatomy Star May Buy Coffee Chain[1]Actor Patrick Dempsey is considering buying the bankrupt Tully’s Coffee chain.

Dempsey, most famous for Grey’s Anatomy, has assembled a group of investors that hopes to rescue the chain of coffee shops, CNN reports[2]. Tully’s Coffee, citing higher costs, filed for Chapter 11 bankruptcy protection last October.

In a statement, Dempsey said he and his group are hoping to save hundreds of jobs by purchasing the chain. “I’m excited about the opportunity to save hundreds of jobs, give back to Seattle and become a larger part of the economic growth and fabric of the community,” the statement read.

The company has made no comment about Dempsey’s bid other than to say that, “We will know by 5 (p,m.) today how many bids have been submitted. The (bankruptcy) auction takes place on January 3 and the final hearing is on January 11.”

Only the firm’s stores are affected by the bankruptcy. The company’s online sales and coffee wholesale business were purchased by Green Mountain Coffee Roasters (NASDAQ:GMCR[3]) in 2009.

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/12/patrick-dempsey.jpg
  2. CNN reports: http://www.cnn.com/2012/12/27/showbiz/patrick-dempsey-coffee-chain/
  3. GMCR: http://studio-5.financialcontent.com/investplace/quote?Symbol=GMCR
  4. Starbucks Volunteers to Pay More Taxes: http://investorplace.com/2012/12/starbucks-volunteers-to-pay-more-taxes-2/
  5. Is Dunkin Donuts the ‘Best Coffee in America’? Nope: http://investorplace.com/2012/11/is-dunkin-donuts-the-best-coffee-in-america-nope/
  6. At Green Mountain, Tech Trumps Coffee: http://investorplace.com/2012/11/the-next-great-tech-stock-is-green-mountain-coffee-sbux-gmrc-nsrgf-krft/

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